Harresh Mehta, CMD, Rohan Lifescapes.
“2020 had been a challenging year for all the businesses across the sectors as the pandemic had brought everything to a standstill. Nevertheless, mostly all the sectors including the real estate sector bounced back and emerged strong with a new way of strategizing the business environment by adopting newer technologies. The current deprivation and loopholes from the sector cannot be ruled out but having said that the sector tends to improve once the dull wave of the pandemic starts diminishing. The recent reduction in stamp duty has further led to the growth in the luxury residential market in Maharashtra which is here to stay it seems in the near future keeping the current lifestyle of people in mind. There has been a surge in the market sentiments which will definitely revive the growth momentum of all sectors. There have been a plethora of economic trends that will most definitely have a lasting impact on the dynamic nature of the real estate business in India.
The Indian real estate sector has already embarked on a long-term upcycle route and is expected to grow in 2022. With the pandemic now becoming a new normal, businesses are planning to expand keeping the new world. 2022 is meant for more developments and expansions.”
